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Oct 31, 2012
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, state government, and the local governments, new york city, and the county governments to make sure we are all being deployed as effectively as possible. that's part of the function of today, to come up with a real reconstruction and recovery plan, long term plan that coordinated all the assets. particular thanks to our partners in the federal government, president obama, starting with president obama who has been on top of this situation, been very informed. i spoke to him several times myself. he wants to know what new york needs. he's been all over it. fema has been fantastic and responsive as someone was formally in the federal government, and working these types of situations. i have total respect for the job that fema's doing, and i thank them very much as well as the army corp. of engineers. as you all know, one of the major problems still is the water in the tunnels. the water has receded so when you drive around, it looks like most of the water is gone, but the water filled the subway tunnels in many places, filled the brooklyn battery tunnel, and when the water fills the t
, state government, and the local governments, new york city, and the county governments to make sure we are all being deployed as effectively as possible. that's part of the function of today, to come up with a real reconstruction and recovery plan, long term plan that coordinated all the assets. particular thanks to our partners in the federal government, president obama, starting with president obama who has been on top of this situation, been very informed. i spoke to him several times...
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it comes from the government. that has two sides, doesn't it not that argument about economic benefits of a tragedy. >> well, it does. you reemploy people to do the rebuilding. you have to pay for it so you have to borrow the money to pay for it, state, local and federal. you then distribute out the losses in terms of grand distribution. the second thing is the insurance companies get hit, but they also come in and get rate industries and they can justify them with the losses. the bottom line of tragediis, i hate to say, floods, storms and so forth is we get a positive growth pick a year or two later. connell: david, thank you a lot. we appreciate it. >> thank you. dagen: more on the disaster left behind hurricane sandy. we talk about the long gas lines in the northeast. stations without power to pump the gas. connell: no places are a bigger mess than staten island. one of the five boroughs of new york city. they are fighting for the basic necessities of life. the debate is getting larger about this weeks new york
it comes from the government. that has two sides, doesn't it not that argument about economic benefits of a tragedy. >> well, it does. you reemploy people to do the rebuilding. you have to pay for it so you have to borrow the money to pay for it, state, local and federal. you then distribute out the losses in terms of grand distribution. the second thing is the insurance companies get hit, but they also come in and get rate industries and they can justify them with the losses. the bottom...
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Oct 31, 2012
10/12
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state and local governments for certain assistance from the federal government. if you need temporary housing or business loan, things of that nature are all freed up. just got this from the white house, fema is going door-to-door, people might need assistance at the coast guard and taking the lead to identify hazardous floodwaters. not exactly the cleanest water on earth. how do you dispose of that and also fema will support any request from state officials who need help with polling places next week, only a few days from the federal election. the irs is granting taxpayers affected by the hurricane until november 7th if they were supposed to file returns or payments for today. the fdic telling financial institutions if they are having problems with their reporting timeline they can contact them as well. campaign continues tomorrow. mitt romney will be in virginia. president obama back on the campaign trail. green bay, wisconsin, boulder, colorado, las vegas. melissa: thanks for that report. ashley: let's get back to check the markets. the dow up by 35 points and
state and local governments for certain assistance from the federal government. if you need temporary housing or business loan, things of that nature are all freed up. just got this from the white house, fema is going door-to-door, people might need assistance at the coast guard and taking the lead to identify hazardous floodwaters. not exactly the cleanest water on earth. how do you dispose of that and also fema will support any request from state officials who need help with polling places...
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if you look at the market right now, what you see is very much dominated by government agencies and the fha, right? so ginnie mae and the agencies. do i think it will get more in hands of private lending? absolutely. do i think we'll see lot easier standards? probably not. it will get easier in terms of paperwork to get a loan but i don't think they will ease standards significantly. look what is going on from regulatory perspective. look at basil three and requirements it takes from a regulatory capital perspective. qr and qrm new regulatory redays in the works we don't know answers to. banks will be apprehensive to loosen standards at this point. cheryl: david, on other side we're talking residential but what about commercial real estate? are we going to see strength in that sector. >> that goes a little out outside my purview what we do. we'll see continued strength. seeing jobs. the economy is getting better of the housing drives that a little bit. makes sense. >> worth a shot. david goldberg with ubs, thank you very much. >> thanks so much for having me take care. cheryl: wall stre
if you look at the market right now, what you see is very much dominated by government agencies and the fha, right? so ginnie mae and the agencies. do i think it will get more in hands of private lending? absolutely. do i think we'll see lot easier standards? probably not. it will get easier in terms of paperwork to get a loan but i don't think they will ease standards significantly. look what is going on from regulatory perspective. look at basil three and requirements it takes from a...
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you see declines and government jobs. we had a surge in government jobs in september. the october decline is really significant. we have seen the guys in autos. that is a form of government jobs these days. these are mostly felt month-to-month variations. it has been slow across the board. ashley: we have seen wages not particularly pick up any space. is this a low-wage recovery? >> it is time and a half for an hourly worker. we have seen wages thought we have seen a jump in the workweek and the average weekly raise rise because a lot of that is time and a half. that stopped in october. ashley: the election coming up on tuesday. is this a report that president obama can point to and say look, we are on the right track. >> it is a bipartisan report. [talking over each other] >> the president can say there have been some pickups. he can say this validates the drop below 8%. it is up slightly. ashley: it is still higher when he first took office at the beginning of his term. it was 7.88. that is the progress we have had. >> it is technically no progress. it is a little wo
you see declines and government jobs. we had a surge in government jobs in september. the october decline is really significant. we have seen the guys in autos. that is a form of government jobs these days. these are mostly felt month-to-month variations. it has been slow across the board. ashley: we have seen wages not particularly pick up any space. is this a low-wage recovery? >> it is time and a half for an hourly worker. we have seen wages thought we have seen a jump in the workweek...
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Oct 29, 2012
10/12
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rich: at this point the federal government is waiting to hear what local governments have to say as the storm comes to short. as far as the campaigns are concerned, president obama cutting his trip short today. he also has canceled a trip to wisconsin tomorrow. governor romney has canceled his event today, or tonight through tomorrow. nicole: rich edson in washington with the very latest. ashley: we just found out comment saying that the power company up here in the north east serving new york city say they may be forced to turn the power off in downtown and had. they say they may have to turn off the power in downtown manhattan to protect the transformers. we will keep in eye on that. nicole: we heard that about the new york stock exchange as well. insurance companies are bracing for the long-term fallout from sandy. liz macdonald is on that story and it is all here on the fox business network. stay with us. ashley: sandy has forced the cancellation of thousands of flights across the country. it is affecting people as far as london and tokyo. we have added and editor from travelocity.
rich: at this point the federal government is waiting to hear what local governments have to say as the storm comes to short. as far as the campaigns are concerned, president obama cutting his trip short today. he also has canceled a trip to wisconsin tomorrow. governor romney has canceled his event today, or tonight through tomorrow. nicole: rich edson in washington with the very latest. ashley: we just found out comment saying that the power company up here in the north east serving new york...
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concerns about government interference. many small-business owners tell us they need to get the government out of the way. what do you hear on that side? >> we talked about the skills gap and the government getting more involved in helping us. mixed emotions and mixed thoughts. we have two really good candidates who are very focused on the economy and job growth. that is good for america. cheryl: thank you very much for joining us. you have quite the i on these jobs pictures across the nation. joyce russell, executive vice president, usa president, thank you. >> thank you. dennis: here's a story so rare it almost seems concocted. the internal revenue service is playing nice. the irs giving taxpayers affected by hurricane saying the a break. extending the deadline for filing payroll and excise tax returns to november 7th. the move helps small businesses is returned and payments otherwise were due yesterday. cheryl: air transport still a disaster following hurricane sandy in the northeast. when will things get back to normal?
concerns about government interference. many small-business owners tell us they need to get the government out of the way. what do you hear on that side? >> we talked about the skills gap and the government getting more involved in helping us. mixed emotions and mixed thoughts. we have two really good candidates who are very focused on the economy and job growth. that is good for america. cheryl: thank you very much for joining us. you have quite the i on these jobs pictures across the...